DETROIT (AP) — U.S. new-vehicle sales fell about 12% in the first quarter compared with a year ago, as the global computer chip shortage continued to slow factories amid high consumer demand.
General Motors reported Friday that its sales were down 20% for the quarter, while Toyota sales were off 15%.
Stellantis sales were down 14%, while Nissan was off almost 30%.
Honda reported a 23% decline, and Hyundai sales were fell just 4% from January through March. Many automakers expect improvement during the year, especially in the second half.